Medical Insurance Coordinator
Salary

Women comprise the majority of Medical Insurance Coordinators in the United States. Individuals in this line of work make around $14.73 per hour on average. Geography is the biggest factor affecting pay for this group, followed by years of experience. The majority of Medical Insurance Coordinators claim high levels of job satisfaction. While some workers in this profession — just under one in three — do not have any health coverage, the larger part do receive medical benefits and just over two-fifths have dental insurance. The data for this synopsis comes from respondents who took the PayScale salary survey.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

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Job Description for Medical Insurance Coordinator

The medical insurance coordinator is a position that is usually sought out by various healthcare organizations, such as doctor's offices and clinics. Generally, many companies will not have an education requirement for this job, but a few may ask for a high school diploma or an associate's degree. Likewise, some companies do not require any previous experience, although most do require that the applicant has had previous experience working with administration. It would be helpful to have coding experience, especially in the ICD-9-CM and CPT coding systems. Furthermore, some knowledge of diseases and various medical terminologies would also prove to be highly beneficial. A full knowledge of the Microsoft Office suite of products is preferable. The medical insurance coordinator will usually be working indoors in an office environment.

The main responsibility of the medical insurance coordinator is to ensure that the correct documentation is received from patients and insurance companies. The coordinator will sometimes have to act as a liaison for the insurance company and patient relationship and will need to be exceptional in communicating with others. They will have to answer inquiries from both patients and insurance companies, as well as provide support and be able to assist in filling out forms. The medical insurance coordinator may also mail out invoices to collect fees from patients and maintain data and records by using a computer to track changes in patient insurance policies. The coordinator must be updated on regulations in the industry often and will also need to follow any company guidelines or rules.

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This chart shows the most popular skills for this job and what effect each skill has on pay.

Survey results imply that Medical Insurance Coordinators put a diverse skill set to use. Most notably, skills in Medical Terminology, Electronic Medical Records, Insurance, and Medical Coding are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Billing. Many workers who know Insurance also know Medical Coding.

Pay by Experience Level for Medical Insurance Coordinator

Median of all compensation (including tips, bonus, and overtime) by years of experience.

The average beginner in this position makes around $30K, but folks who have been around for five to 10 years see a markedly higher median salary of $35K. The average pay reported by folks with 10 to 20 years of experience is around $35K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $34K.